In a vote affecting the roughly million New York households in rent-stabilized apartments, the New York City Rent Guidelines Board voted Monday night to allow rent increases of 2.75 percent for one-year leases and 5.25 percent for two-year leases beginning Oct. 1.
The 5-4 vote capped a contentious voting session, part of an annual process in which the city board weighs landlord and tenant economics in setting permitted rent hikes.
A crowded tenant group on the Park Avenue sidewalk outside Hunter College calling for a rent freeze preceded the vote inside. Eleven demonstrators were arrested after police ordered them to step away from the entrance.
The final decision comes after a volatile few months of meetings, including a preliminary vote April 30 during which two tenant members of the board walked out in protest. In that earlier meeting, the board decided on a potential range of rent adjustments of between 2 and 4.5 percent for a one-year lease and 4 to 6.5 percent for two-year leases.
Public Advocate Jumaane Williams, a former tenant organizer, spoke at the protest, calling on the board to decide on the “lowest rent increase humanly possible.”
“Raising rents on tenants does not help landlords that are suffering,” Williams said to the crowd. “You can’t raise rent on people that do not have it.”
Landlords and their representatives assert larger increases are necessary to help them maintain buildings and afford taxes.
“Rent is income that buildings need to meet escalating costs, and we are hoping for an upward adjustment that recognizes the need to maintain buildings that are at and approaching 100 years old,” Michael Tobman of the Rent Stabilization Association told THE CITY.
According to an annual report the Rent Guidelines Board produces on building operating costs, buildings that contain rent stabilized apartments had expenses projected to increase 3.9 percent this year. Meanwhile, tenant advocates generally argue that raising rent to make up for operating expenses will only result in more evictions and homelessness.
“There are small landlords that are dealing with issues and need assistance,” Williams told THE CITY. “But we need the landlords to get help from the state and the city, and not from tenants who can’t afford it.”
8 comments:
Why does Jumaane Williams get to live in an army fort? How'd he swing that?
Thank corporate monopolies, corrupt politicians and greedy landlords.
And yet the residents still kept AOC in and didn't oust her in yesterday's primary. What has she done for the people of her district or the city even? Absolutely nothing
I'm not holding my breath for any significant reduction in the costs of either food or housing.
It was Biden's energy policies that kicked off roaring inflation, that is still here today.
You want to know why you can't afford a house? It's because you voted for these Rich, Entitled, Elite to run the country.
I don't see the problem. After all, inflation we are experiencing is transitory.
Could it be that too many people have subsidized and rent controlled housing?
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